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15min base breakdown btc channeltrend colorcodedbackground colorful colorploting crypto cryptocurrency cryptotrading customizable dollarcostaverage ema grid gridbot gridtrading highrisk long mtf multi-timeframe oscillator pyramiding retracement safetyorders sideways sidewaysmovement simplemovingaverage sma support supportandresistance trailingstop trendanalysis wma Less Tags Show All Tags
Mitigating High Risk Long Positions with Covering
COMPUSD
, 15
Education
COMPUSD: Mitigating High Risk Long Positions with Covering

Stop losses are an, often unwelcome, but ultimately necessary and life saving tactic to day trading. When going long, setting a high stop loss can be beneficial for getting out of bad trades quickly with small losses, and opening yourself up up more opportunities for good trades. Setting a low stop loss on the other hand, can be beneficial by greatly increasing...

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